Press releases 2011

Statkraft is pleased to announce today that it has entered into a Power Purchase Agreement (PPA) with Eco2 Lincs Limited for the long term purchase of output from the straw-fired renewable energy plant located in Sleaford, Lincolnshire.

(Oslo, 10 November 2011) In the third quarter, Statkraft achieved an underlying1 operating profit before depreciation (EBITDA) of NOK 1751 million, compared with NOK 1830 million in the corresponding quarter last year. The underlying operating profit after depreciation (EBIT) of NOK 1188 million was on a par with last year. As a result of unrealised changes in value and write-downs, the posted result after tax was a loss of NOK 1583 million, compared with a profit of NOK 1163 million in the third quarter of 2010.

(Oslo, 9 November 2011) Statkraft and RHI Normag AS have signed a long-term power contract for the new factory for melting magnesium oxide (MgO) which is under construction at Herøya. Statkraft will also be delivering energy services to the factory.

As of Friday Smøla wind farm will again be open to the general public. For safety reasons, the wind farm was temporarily closed on 11 October when a fracture was discovered in one of the towers. The risk of a breakdown has been averted and it is now safe to access the wind farm.

Damage has been discovered in the tower of one of the wind turbines in the oldest part of Smøla wind farm. The 20 wind turbines from construction stage 1 were immediately stopped for inspection. Five of the turbines have been inspected today. No damage was found and the turbines have resumed operation. For safety reasons, the wind farm has been temporarily closed for access to the general public.

Hürth-Knapsack, 30 September 2011 – At a groundbreaking ceremony, Statkraft, Europe’s largest producer of renewable energy, today announced the start of construction of a second combined gas and steam turbine power plant (CCPP) at the Hürth Knapsack site. In addition to representatives of the company, State Secretary Jochen Homann from the Federal Ministry of Economics and Marc Jan Eumann, Parliamentary Secretary for Federal Affairs, Europe and Media of North Rhine Westphalia, also attended the ceremony.

Statkraft has decided to construct the Cetin hydropower plant in Turkey. The power plant will be Statkraft’s largest hydropower plant outside Norway, with an installed capacity of 517 MW. Cetin will have an average annual production of 1.4 TWh, enough to supply electricity to 460,000 Turkish homes. The investment cost is estimated to about EUR 500 million.

Statkraft has entered into an agreement with the owners of Bio Varme AS to acquire the Norwegian district heating company. The acquisition strengthens Statkraft’s leading position within district heating in Norway.

(Oslo/Stockholm, 18 August 2011) Statkraft has decided to build Stamåsen 1 wind farm in Sweden. This means that from September, Statkraft will have two large wind farms under construction in Central Sweden, strengthening its position as the largest player in renewable energy in Europe. The wind farm will be established in cooperation with SCA and will be completed with a capacity of 60 MW next year.